Cash ISAs: The Best Currently Available List

1spiral

https://forums.moneysavingexpert.com/discussion/comment/81942623#Comment_81942623

It did seem a strange choice to open such a competitive account at this time. I for one have opened it having never saved with Saffron so for the likes of me, there isn't only the account to sort out, but also the user id and login credentials.

I would've thought if they'd offered 4.25%, they still would've met their target but at a more sustainable speed.

pecunianonolet

https://forums.moneysavingexpert.com/discussion/comment/81942706#Comment_81942706

Welcome to the Forum!

I would stay away from Plum ISA at all cost. Read their T&C's very carefully, best to read them twice and check each an every sentence you not understand. The rate looks good at first sight but the limitations in the T&C's are very restrictive. I would not take them even if the rate would be 10%

Kingmob31

https://forums.moneysavingexpert.com/discussion/comment/81942873#Comment_81942873

Thank you so much for responding and the welcome. I'm a terrible procrastinator and had given up on ISAs with all the rate woes, but feel compelled to use my allowance this year. Would have done Saffron, but now that's off the table. Any suggestions for something fairly substantial, but not one where I'll likely miss a T&Cs loophole? Guessing you wouldn't recommend Moneybox either?

SnowMan

https://forums.moneysavingexpert.com/discussion/comment/81940883#Comment_81940883

I sent my ISA transfer form second class post on Friday (27th) to Saffron (wasn't able to get a loan to cover the cost of a first class stamp). Today (30th) I've received a secure message from Saffron to say they've submitted the transfer request to the other ISA manager.

trickydicky14

https://forums.moneysavingexpert.com/discussion/comment/81942873#Comment_81942873

I would agree with the above, Plum have so many conditions that could end up loosing you interest and it took me 20 days to transfer out of Plum and that only happened after I put in an official complaint. Be very careful going down that road.

Kingmob31

Just checked Moneybox and the rate is showing as 4.27% rather than 4.51% so now I'm confused. I'm leaning towards Paragon's 15 Month Fixed Rate Cash ISA at 4.40%.

pecunianonolet

https://forums.moneysavingexpert.com/discussion/comment/81943130#Comment_81943130

You could check here: https://moneyfactscompare.co.uk/isa/easy-access-cash-isas/?quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate

I have used Moneybox in the past, once you transfer out of them they not allow you to open another ISA.

The question you need to ask yourself is if you need the funds or if you are happy to lock them away? Even if locked away, they are not totally out of reach, you just need to accept a interest rate penalty.

I have Aldermore, Cynergy Bank and Coventry ISA's and an old one with Virgin Money.

Also, check if you require, should it be not a fix, a flexible ISA. The feature of a flexible ISA is very powerful and has been a key element in my ISA life over the years.

https://www.moneysavingexpert.com/savings/flexible-isas/

SickGroove

I opened the Moneybox cash ISA a couple of days ago at the 4.51% rate, but didn't intend to fund it until the new tax year, as I've already used up this year's allowance elsewhere.

I received the email confirmation documentation showing 4.51% so will I still receive that rate or will it drop to the new lower rate now?

Don't think there is any way of knowing until I actually fund it but would prefer to know before I commit.

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81943193#Comment_81943193

I think there might have been threads about this particular subject recently, with posters delaying funding and then not getting the rate they were expecting. Is there no mention of a funding window for the initial deposit or transfer in the T&Cs ? You'd almost-certainly have to fund it with the minimum amount stated by a certain time in order to get the rate you signed up for.

SickGroove

Anyone got or can recommend Trading 212 for cash ISAs?

Hearing lots of stories about issues transferring out one bonus rate ends.

As moneybox have dropped their rate I think you get a 10 day funding window with Trading 212

Cheers.